GDS Holdings Ltd – (NASDAQ:GDS) shares were up 6% on Tuesday . The stock traded as high as $41.91 and last traded at $40.90, approximately 1,874,809 shares were traded during mid-day trading. An increase of 100% from the average daily volume of 936,208 shares. The stock had previously closed at $38.57.

Several equities research analysts have weighed in on GDS shares. Zacks Investment Research upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. TheStreet downgraded shares of GDS from a “c-” rating to a “d” rating in a research note on Monday, May 6th. BidaskClub downgraded shares of GDS from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, ValuEngine upgraded shares of GDS from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. GDS has a consensus rating of “Buy” and a consensus price target of $39.33.

The company has a 50 day simple moving average of $38.76. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.50. The company has a market cap of $4.53 billion, a price-to-earnings ratio of -80.20 and a beta of 3.04.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.05). GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The company had revenue of $891.80 million for the quarter, compared to analyst estimates of $888.42 million. During the same quarter in the previous year, the firm posted ($0.71) earnings per share. The company’s quarterly revenue was up 58.6% on a year-over-year basis. As a group, research analysts expect that GDS Holdings Ltd – will post -0.47 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Aviva PLC lifted its stake in shares of GDS by 1.7% during the second quarter. Aviva PLC now owns 18,200 shares of the company’s stock worth $684,000 after buying an additional 300 shares during the period. Comerica Bank raised its holdings in shares of GDS by 6.6% during the second quarter. Comerica Bank now owns 7,807 shares of the company’s stock worth $304,000 after purchasing an additional 486 shares during the last quarter. SeaBridge Investment Advisors LLC raised its holdings in shares of GDS by 100.0% during the first quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock worth $36,000 after purchasing an additional 500 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of GDS by 93.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,440 shares of the company’s stock worth $54,000 after purchasing an additional 696 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of GDS by 7.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,726 shares of the company’s stock worth $454,000 after purchasing an additional 852 shares during the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

GDS Company Profile (NASDAQ:GDS)

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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